Time Extension of ICB Mutual Funds

SEC/MFND SPV/MF-2/2009/184
May 5, 2010
Md. Humayun Kabir
Managing Director
Investment Corporation of Bangladesh
8 DIT Avenue (13-16th Floor)
Dhaka
Ref No: 05/PRBID/432, Date: April 28, 2010
Subject: Regarding the application to extend the maturity of 8 term mutual funds managed by ICB until 2017.

Sir,

With reference to the letter cited above, it is informed that the application to extend the maturity of 8 term mutual funds managed by ICB until 2017 has not been approved by the Commission, as there is no scope to change the directives issued for the interest of the capital market.

Thank you.

For and on behalf of the Securities and Exchange Commission, Sultana Parveen Deputy Director

Copy to:

1. The Office of the Chairman, SEC.
2. Dhaka Stock Exchange and Chittagong Stock Exchange - Instructions are given to publish this immediately on the monitoring of DSE and CSE.